November 13, 2008

Dems Must End Business as Usual

Six weeks ago, Treasury Secretary Henry Paulson claimed he knew how to avert a meltdown in the financial markets. Within days of presenting his rescue package, Congress approved a $700 billion bailout of Wall Street.

Paulson has since thumbed his nose at Congress and pursued a secret plan to end the financial crisis.

As distressed homeowners and middle-class taxpayers juggle their credit card bills, the Treasury Department reportedly will bail out credit card companies, including American Express. The bailout would come courtesy of their cardholders.

But the actual bailout calls for nothing of the sort. Instead, your
tax dollars are buying massive shares in some of the nation's biggest
and most successful banks - with virtually no strings attached. And
that's all allowed under Congress' plan.

On Nov. 4, Americans voted for Democratic hegemony in DC. They
voted to end business as usual.

President-elect Barack Obama does not take office until Jan. 20. But Congress is expected to convene a lame-duck session next week.